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Statutory Sick Pay Insurance Policy

Great Value for Money

Our pricing is highly competive and using our service will give you exceptional value for money.

Avoid Problems

Our professional and extremely reliable service will avoid costly and time consuming problems with your employee, HMRC and the Pensions Regulator.

Save Time

Trying to deal with PAYE yourself will waste huge amounts of your time. Let us deal with all the day-to-day stuff.

Insurance

Statutory Sick Pay

In April 2014 the Government abolished the ability of small employers to recover Statutory Sick Pay from HM Revenue in the event of an extended period of sickness of one of their employees. This means that employers are now exposed to a significant financial risk if their employee develops a serious illness or has an accident which incapacitates them for an extended period. If the nanny earns at least £123.00 per week gross, Statutory Sick Pay (“SSP”) is payable for up to 28 weeks at a flat rate of £116.75 per week (April ’24 rate), even if the nanny only works one day per week! This means the employer could be liable for well over £3,000 in SSP costs.

Premier Care (Mark Bates Ltd.) can offer a policy which will allow the employer to mitigate this risk.

The employer will need to pay any benefits for the first weeks of any period of sickness and the policy will provide benefits for the weeks after this up to the time SSP is no longer payable at 28 weeks.  The cost of the policy depends on the number of weeks of SSP the employer chooses to pay before the policy covers the payments. The policy costs £149 per annum if the employer pays the first 2 weeks of SSP and falls in stages to £89 if the employer pays the first 8 weeks of SSP. The minimum period the employer can choose to pay is 2 weeks and this policy is contingent on the employer having taken out the Home Help insurance policy detailed on the Home Help insurance page.